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Activist government could cure Canada's ills: economists' group
Continue to the storyThe federal government must take an activist role to counter financial crisis and stimulate economic investment, even if it means going into deficit, say more than 80 leading economists. In an open letter released Wednesday, the mostly left-leaning analysts say there are "worrisome weaknesses" in the Canadian economy that have been laid bare by wider global troubles. "Complacent expressions of faith in our 'fundamentals,' and other varieties of economic denial, will not protect Canadians from the coming storm," they warn. That appeared to be a shot across the bow of Conservative Leader Stephen Harper, who has repeatedly assured voters that the economic fundamentals are strong and that Canada need not fear the kind of turmoil gripping the United States.